JAKARTA, KOMPAS.com \u2013 The Composite Stock Price Index (JCI) opened\nweaker in early trading on Friday (8\/5\/2026). According to data from the\nIndonesia Stock Exchange (BEI), the JCI fell 10.11 points or 0.14% to\nthe level of 7,164.21.<\/p>\n
In the morning session, the JCI today opened at 7,182.96 and briefly\nmoved to a high of 7,186.83. Meanwhile, the index\u2019s lowest level was\nrecorded at 7,148.97.<\/p>\n
Share trading activity was quite brisk, with transaction volume\nreaching 3.206 billion shares and a transaction value of Rp 1.164\ntrillion. Trading frequency was recorded at 181,300 transactions.<\/p>\n
In line with the JCI\u2019s weakening, several major stock indices also\nmoved in the red zone. The LQ45 Index fell 1.48 points or 0.21% to\n692.31.<\/p>\n
The Jakarta Islamic Index (JII) weakened by 3.04 points or 0.64% to\n469.47. The KOMPAS100 Index also declined 4.50 points or 0.46% to\n964.12.<\/p>\n
Meanwhile, the ISSI Index was recorded with a slight decline of 0.01\npoints to 257.53. Weakening also occurred in the IDX30 Index, which fell\n1.15 points or 0.30% to 387.69.<\/p>\n
The JII70 Index corrected by 1.03 points or 0.56% to 182.13.<\/p>\n
MNC Sekuritas technical analyst Herditya Wicaksana assessed that\ninvestors are still adopting a wait-and-see approach towards\ndevelopments in the Middle East geopolitics. In addition, market players\nare also monitoring the release of Indonesia\u2019s foreign exchange reserves\ndata.<\/p>\n
Therefore, Herditya estimated the JCI\u2019s support level to be in the\n7,115 area and resistance around 7,230.<\/p>\n
\u201cFor tomorrow (Friday), we predict the JCI has a chance of limited\nstrengthening with support at 7,115 and resistance at 7,230, where\ninvestors will still monitor Middle East developments and the release of\nIndonesia\u2019s foreign exchange reserves,\u201d said Herditya when contacted by\nKompas.com on Thursday night (7\/5\/2026).<\/p>\n
Capital market observer and Founder of Republik Investor, Hendra\nWardana, assessed that the JCI is now starting to move out of the\nshort-term consolidation phase and attempting to continue the rebound\nmomentum towards an important resistance area.<\/p>\n
\u201cHowever, it should be noted that the 7,200-7,250 area is a fairly\nstrong psychological resistance because it previously became a market\ndistribution area,\u201d said Hendra to Kompas.com.<\/p>\n
According to him, as long as the JCI can hold above the 7,100 support\nand the strong support at 7,050, the rebound trend remains relatively\nintact. Conversely, if the JCI falls back below 7,100, the market has\nthe potential to move sideways again in the 7,000-7,200 range.<\/p>\n
\u201cTechnical indicators are also starting to show improvement with\nincreasing buying volume in banking and consumer stocks, although\nforeign investors are still tending to wait and see,\u201d he explained.<\/p>\n
For Friday\u2019s trading, Hendra assessed that the opportunity for the\nJCI to continue strengthening remains open as long as US-Iran peace\nsentiments remain intact and oil prices continue to stabilise and\ndecline.<\/p>\n
The market is also said to focus on developments in negotiations to\nopen the Strait of Hormuz and certainty in implementing those\ngeopolitical agreements.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-opens-weaker-at-7-164-in-early-trading-on-friday-1778208910", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }